W Formation & Falling Wedge has formed on City Lodge. We haven't had a strong breakout so the consolidation range will continue as it is... We need an imminent breakout before we jump on this one. Target R5.35
Sun International has been a roller coaster of a ride. Been swinging between R38.00 and R42,50. Well, lately we've seen higher lows, and the price keeps touching the top. It's like hitting thin ice. Eventually it'll break up and out. So, let's see what it does. UPDATE: Over the past year, the most notable insider purchase was made by CEO & Executive...
The daily is very noisy. Even the weekly is crazy. So I had to really break it down and look at the monthly chart. And what we can see is the noise being reduced to a RECTANGLE. Now right now the price action is down. Despite the breakin uptrend. Despite the higher lows. The current momentum is down. And all we can do is wait for a breakout. Which way...
City Lodge, has been in this tiresome Symmetrical Triangle since October 2022... However, recently it's broken above which is showing positive signs that there is upside to come.. However, in the most recent SENS update there was a mention about the Odd Lot Offer. So let's break it down and what it means. 1. What's Going On: As of October 16, 2023, there...
Which way? Symmetrical Triangles are generally known as Continuation patterns. This means, when the price breaks out it normally moves in the trend of the prior direction... However, the trend has been sideways before this. It's been in the Twilight Zone for over a year. And it gets worse. When the price oscillates up and down in between the 200MA - You know...
I've just gotten off a plane, so excuse if I am missing something. But these jet lagged eyes potentially sees a massive Cup and Handle in the process. Ignore the indicators like 7=21 price <200 and RSI<50. And just see the price action. We have higher lows forming, strong buying at the bottom of the range (could that be smart money and the big boys.) We...
Cup and Handle seems to be forming on City Lodge. There are signs of a rounding cup, a handle that is in the process and now it needs to complete. Once the price breaks above the brim level, it'll be more positive for upside. 7=21 = About to cross Price>200 - Bullish RSI>50 - Pointing down? Target R6.51 WARNING is that the previous trend was sideways. We...
want to see if my idea is correct or not. Fundamentally it cannot go this down. BEAR FLAG spotted on weekly chart
Bear Diamond Pattern broken down Bearish Engulfing Target R3.71 CONCERNS: This is one of those stocks that move in large Sideways consolidation areas for a long period of time. If the price breaks out of the range, we can get some traction to the upside. But this is not a trading haven.
Into massive resistance. Likely see a 6-10% pullback in the near term
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
ABNB is one i love to watch continuously .. think it has more to come honestly. Potential double bottom here in place.
PLYA was a company we discussed late last year before it left penny stock range. Interesting company and idea as a Vice stock that could benefit from reopening: "Rarely might you expect hotels to be on the list of vice stocks to watch. But think about it. What better way to enjoy a vice than at an all-inclusive resort? Playa Hotels & Resorts has a “sinful” side...
Speciality Restaurants was incorporated as Speciality Restaurants on December 1, 1999 as a private limited company under the Companies Act, 1956. It is a fine dining operator in India, with 69 restaurants and 13 confectionaries as of February 29, 2012, featuring certain well recognized brands in the Indian restaurant industry. The company focuses on providing the...
Airbnb - bullish - Q1 - mid-term possible route
The stock is making flags since covid recovery. If the stock breaks out upwards then there could be nice move possible in the upcoming days. Once could enter a position once break out happens.
This stock has decent fundamentals with a discounted cash flow valuation at around 70% undervalued at its current price of $1.77 at this time of writing. This company owns hotels all around the world and their market cap is above EV, their Book Value per Share in 2019 is at 6.78 and I suggest you find out the other fundamentals by yourself. Anyways, my opinion is...